Australia has revised its stablecoin regulations to reduce compliance costs and accelerate innovation in the digital asset sector. The Australian Securities and Investments Commission (ASIC) now permits the distribution of stablecoins and wrapped tokens without requiring a separate financial services license. Additionally, the use of omnibus accounts is allowed to streamline transactions. This regulatory update comes as the stablecoin market surpasses $300 billion, with Tether holding a dominant 63% market share. The changes are designed to support market growth while maintaining counter-financing of terrorism (CFT) measures and consumer protections.